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12 Mar 2014
AUD/JPY falls further toward 92.00
FXStreet (Córdoba) - After a short-lived recovery the AUD/JPY resume the downside and hit a fresh low early in Asia at 92.05, the lowest price since March 6. Stock in Japan opened sharply lower with the Nikkei 225 down 1.63% in the first minutes of trading.
The Aussie remains weak across the board while the Yen holds strong as fears from the Chinese credit market continue, adding pressure to the AUD/JPY, as demand for safe haven assets increases.
On Tuesday the AUD/JPY had the worst day since the beginning of March and today is dropping 0.30%, headed toward the fourth consecutive daily decline.
The Aussie remains weak across the board while the Yen holds strong as fears from the Chinese credit market continue, adding pressure to the AUD/JPY, as demand for safe haven assets increases.
On Tuesday the AUD/JPY had the worst day since the beginning of March and today is dropping 0.30%, headed toward the fourth consecutive daily decline.